XML 13 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 18,970 $ 41,883
Adjustments to reconcile net income to net cash provided by (used in) operations:    
Depreciation and amortization 10,660 8,964
Deferred income taxes (1,913) (2,011)
Share-based compensation expense 1,317 2,791
(Gain) loss on sale of property and equipment (1,852) 44
Other, net 467 4,096
Changes in operating assets and liabilities 6,398 (9,917)
NET CASH PROVIDED BY OPERATING ACTIVITIES 34,047 45,850
INVESTING ACTIVITIES    
Capital expenditures (7,646) (17,177)
Proceeds from the sale of property and equipment 3,365 129
Acquisition of businesses, net of cash 0 (12,089)
NET CASH USED IN INVESTING ACTIVITIES (4,281) (29,137)
FINANCING ACTIVITIES    
Proceeds (payments) of notes payable to banks 163 (4,243)
Proceeds from long-term debt 53,099 104,183
Payments of long-term debt (76,219) (100,283)
Dividends paid (2,114) (2,143)
Proceeds from issuance of common shares 61 664
Purchase of common shares for treasury (113) (116)
Purchase of common shares for treasury from related parties (5,908) (9,724)
Other (2,473) 0
NET CASH USED IN FINANCING ACTIVITIES (33,504) (11,662)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (2,445) 870
Net decrease in cash, cash equivalents and restricted cash (6,183) 5,921
Cash, cash equivalents and restricted cash at beginning of year 53,607 37,239
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 47,424 $ 43,160